Steven Check Check Capital Management
Steven Check is the founder of Check Capital Management, a value-oriented firm known for research-driven equity portfolios and a long-term client focus. The firm often emphasizes understandable businesses purchased with a margin of safety. Check’s public commentary and portfolio disclosures appeal to investors who prefer classical value frameworks.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AutoZone
AZO
|
+$36.9M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$24.5M |
| 3 |
Cognizant
CTSH
|
+$11.5M |
| 4 |
IBM
IBM
|
+$11.4M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$7.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Travel + Leisure Co
TNL
|
+$33.7M |
| 2 |
Verizon
VZ
|
+$1.24M |
| 3 |
Harley-Davidson
HOG
|
+$1.05M |
| 4 |
HBI
Hanesbrands
HBI
|
+$773K |
| 5 |
Spectrum Brands
SPB
|
+$475K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.81% |
| 2 | Consumer Discretionary | 8.96% |
| 3 | Technology | 8.39% |
| 4 | Healthcare | 6.58% |
| 5 | Consumer Staples | 6.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.35M | 0.09% |
+5,606
| New | +$1.34M |
|
27
Apple
AAPL
$4.51T
| $1.34M | 0.09% |
37,360
-5,200
| -12% | -$192K |
|
28
Aflac
AFL
$58.2B
| $1.24M | 0.08% |
31,980
-6,790
| -18% | -$255K |
|
29
Johnson & Johnson
JNJ
$651B
| $1.13M | 0.07% |
8,509
-2,339
| -22% | -$298K |
|
30
Fastenal
FAST
$58.8B
| $805K | 0.05% |
73,984
+35,064
| +90% | +$394K |
|
31
Microsoft
MSFT
$3.59T
| $735K | 0.05% |
10,670
-2,000
| -16% | -$137K |
|
32
Methode Electronics
MEI
$507M
| $612K | 0.04% |
14,850
-150
| -1% | -$6.26K |
|
33
Goldman Sachs
GS
$303B
| $599K | 0.04% |
2,700
+650
| +32% | +$144K |
|
34
Markel Group
MKL
$22.2B
| $597K | 0.04% |
612
-130
| -18% | -$126K |
|
35
Biglari Holdings Class B
BH
$1.24B
| $584K | 0.04% |
2,190
+235
| +12% | +$64.4K |
|
36
Walmart Inc
WMT
$825B
| $531K | 0.03% |
21,045
-1,818
| -8% | -$46.2K |
|
37
Amgen
AMGN
$238B
| $530K | 0.03% |
3,080
-650
| -17% | -$106K |
|
38
Meta Platforms (Facebook)
META
$1.4T
| $467K | 0.03% |
+3,090
| New | +$459K |
|
39
iShares Russell 2000 ETF
IWM
$81.9B
| $395K | 0.03% |
+2,800
| New | +$388K |
|
40
Jefferies Financial Group
JEF
$12.1B
| $391K | 0.02% |
16,717
-3,615
| -18% | -$82.4K |
|
41
Chevron
CVX
$403B
| $389K | 0.02% |
3,727
-4,000
| -52% | -$424K |
|
42
Bank of America
BAC
$431B
| $303K | 0.02% |
12,482
+2
| +0% | +$47 |
|
43
Halliburton
HAL
$29.4B
| $301K | 0.02% |
7,051
-400
| -5% | -$18.4K |
|
|
TMHC
44
DELISTED
Taylor Morrison
TMHC
| $293K | 0.02% |
+12,200
| New | +$281K |
|
45
Amazon
AMZN
$2.79T
| $290K | 0.02% |
+6,000
| New | +$286K |
|
46
Corning
GLW
$129B
| $271K | 0.02% |
9,023
-102
| -1% | -$2.93K |
|
47
Citigroup
C
$221B
| $261K | 0.02% |
3,900
| – | – |
|
48
Conagra Brands
CAG
$7.89B
| $243K | 0.02% |
+6,800
| New | +$263K |
|
49
Pembina Pipeline
PBA
$28.3B
| $229K | 0.01% |
6,900
| – | – |
|
50
Capital One
COF
$134B
| $207K | 0.01% |
2,500
| – | – |
|
Similar funds
Steven Check's Q2 2017 Portfolio in Review
As of Q2 2017, Steven Check held 57 positions worth $1.57B, up 7.4% from $1.46B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Steven Check deployed $85.4M of net new capital in Q2 2017, opening 7 new positions and adding to 21 existing holdings. Its largest new stake was AutoZone: 56,638 shares worth $32.3M.
By sector, the portfolio is most concentrated in Financials at 30% of assets, up from 29% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Travel + Leisure Co, an estimated $33.7M trimmed.
- Steven Check's largest Q2 2017 buy was AutoZone: 56,638 shares worth $32.3M.
- Steven Check added most to Berkshire Hathaway Class A in Q2 2017, an estimated $24.5M increase.
- Steven Check's biggest Q2 2017 reduction was Travel + Leisure Co, cutting an estimated $33.7M.
- Steven Check fully exited ConocoPhillips in Q2 2017, selling an estimated $349K.
- Steven Check's ten largest holdings make up 74% of its $1.57B portfolio in Q2 2017.
- Steven Check opened 7 new positions and closed 2 in Q2 2017.
- Steven Check's portfolio value rose 7.4% quarter-over-quarter to $1.57B.
Based on Check Capital Management's 13F filing for Q2 2017, filed 11 Aug 2017.